#USDINR More Bullish above 76.2 Below 75.87 targets drawn on chart.
All the long traders please be cautious, risky traders can enter now as well with mentioned SL, safe traders wait for neckline breakdown. Targets mentioned Regards
levels are simple support resistance and are marked for persoanl project study one can learn from the same as well
TREND ANALYSIS & TRADE SETUP Wave Analysis & Chart Pattern . Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for entry setup, if available then Long/short. Reward is 15-20 Times
Wave Theory tradable setup up on USDINR. Plan (A): buy above 75.316 Plan (B): buy 74.512 nearby
USDINR in a range b/w 75.40 - 77.26 ..In last trading session INR shown strength and touch 76.38 level .Now once bear start moving below 76.35 can push towards 75.95. 21th April is major trend change date. Weekly Trend Change: 76.67 Weekly Resistance:76.95,77.25,77.51 Weekly Support:76.25,75.95,75.55 Levels Mentioned are for April Contract of USD INR
FX_IDC:USDINR 200EMA SUGGEST A UP MOVE
Analysis are mentioned in the chart. Wait for the breakout to enter the trade, SL will be low of the flag or there are many other ways depending on your strategy. I hope you learned and earned from previous JYPINR chart if you missed it look into it, I have attached a link of it. Please shower some love and show some support so that I can keep sharing ideas...
USDINR where it's heading next? Put your opinion we will discuss if possible.
Finally, That long consolidation pattern broke out and the price seems to respecting 75.84 level which crucial to maintain further up move. if it happens taking support at 75.84 then 77 and 78 on the way. Reasons: 1. Price broke out the long consolidation pattern Triangle, pennant . 2. Keeping in that RSI still deviating but price structure is still bullish . 3....
USD continue to get stronger against emerging market currencies, one can sell 76.5 PE for easy premium this week or buy 76.5 CE for month of May...